(a) (1) Five members of the Authority are a quorum.
(2) An act of the Authority must be approved by a majority vote of the members attending a meeting at which a quorum is present.
(b) A member of the Authority:
(1) may not receive compensation as a member of the Authority; but
(2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
(c) A member of the Authority shall file a public disclosure of financial interests as required under the Maryland Public Ethics Law.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 4A - Invest Maryland Program
Section 10-4A-01 - Definitions
Section 10-4A-02 - Maryland Venture Fund Authority Established
Section 10-4A-04 - Chair; Election of Officers
Section 10-4A-05 - Quorum; Compensation and Reimbursement; Public Disclosure
Section 10-4A-06 - Advice to and Consultation With Corporation; Meetings